As if losing $150 billion in last week’s stock drop wasn’t enough, Facebook is now facing another threat to its bottom line. A number of class action lawsuits have been filed against the social media industry leader by major shareholders of the company. The lawsuits allege that Facebook misled shareholders in the time leading up to last week’s biggest ever stock drop in US history.

Three lawsuits have been filed in New York while one has been filed in California. These suits allege that Facebook understated the cost of complying with the EU’s GDPR privacy laws, and the lack of disclosure over the monetization of Instagram Stories which the lawsuits claim Facebook allegedly overstated its success.

It also doesn’t help Facebook that many of its top executives sold off large amounts of their stock during the second quarter of the year, the same quarter where Facebook earnings fell causing the historical stock drop. Some of those executives include Mark Zuckerberg himself and COO Sheryl Sandberg. While these sales were not considered to be insider trading, the timing of the stock sale couldn’t be more inconvenient for Facebook.

Whether or not these lawsuits will have any major financial impact on Facebook remains to be seen. After the stock dropped last week, many financial analysts were urging new investors to jump on the stock after the drastic price decrease. Before we know it, it could be business as usual again at Facebook in little to no time.

Yesterday, during an earnings call Facebook announced that the company fell short of projected earnings. While Facebook’s revenue grew by 42 percent over the same time last year they fell short of their $13.3 billion projection by ‘only’ making $13.2 billion. That mere $100 million loss caused Facebook stock to dive around 20% and cost the company close to $150 billion in value. One could rightly assume that the market loss had to do with Facebook’s many privacy and security issues since the 2016 Presidential Election, but many analysts say that’s not the case.

Many market analysts say that Facebook’s improvement to privacy and security has caused the loss stating that Facebook can’t make money from privacy. It also doesn’t help that the number of Facebook users has leveled off. While it still holds the lion’s share of social media users in the world many are leaving the platform and Facebook isn’t bringing in new users as many young people becoming new users to social media are foregoing Facebook.

That’s not to say that Facebook is on the verge of bankruptcy by any means. Facebook also owns the widely popular apps of Instagram, WhatsApp, and Messenger, which many end users don’t really consider as being a part of Facebook. As Slate points out if Facebook can survive this year’s election cycle without a major scandal, and that’s a mighty big if, they could be back on the road to profitability. Whether or not Facebook can strike a balance between privacy and profit remains to be seen. It seems that if there was a new social network ready to make Facebook its MySpace, now might be the time to strike.